The Abbott BinaxNOW COVID-19 Test Offers Results within 15 Minutes
Michael Hemsworth — August 28, 2020 — Lifestyle
The Abbott BinaxNOW COVID-19 test is a low-cost healthcare solution from the company that takes aim at fast, effective virus testing to help contain the spread. The test is characterized by its credit card-sized design that uses specimens taken from a nasal swap in order to determine whether or not a person has the virus.
The test is capable of delivering 97.1% and 98.5% accuracy rates for positive and negative results respectively, and works with the company's Novice app to provide users with a temporary health pass to let others know their status. The Abbott BinaxNOW COVID-19 test is priced at just $5 and is expected to be shipped in the tens of millions in September with 50 million per month expected to start being produced by early October.
The test is capable of delivering 97.1% and 98.5% accuracy rates for positive and negative results respectively, and works with the company's Novice app to provide users with a temporary health pass to let others know their status. The Abbott BinaxNOW COVID-19 test is priced at just $5 and is expected to be shipped in the tens of millions in September with 50 million per month expected to start being produced by early October.
Trend Themes
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Low-cost Healthcare Solutions — Opportunity for companies to develop low-cost healthcare solutions to help contain the spread of viruses and other diseases.
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Fast and Effective Virus Testing — Opportunity for companies to develop and market fast, accurate virus testing products such as the Abbott BinaxNOW COVID-19 test.
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Smart Health Apps — Opportunity for companies to develop smart health apps such as Abbott's Novice app, which can provide users with temporary health passes.
Industry Implications
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Healthcare Technology — Companies in the healthcare technology industry can develop and market low-cost virus test kits, fast and effective virus testing products, and smart health apps.
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Pharmaceuticals — Pharmaceutical companies can invest in the development of low-cost virus test kits and fast, accurate virus testing products.
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E-commerce — Companies in the e-commerce industry can offer low-cost virus test kits and fast, effective virus testing products for online purchase and delivery.
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